Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-06-13-Speech-2-249"

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"en.20060613.27.2-249"2
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". The honourable Member is correct when he says that, especially in the SME sector, there is something that you could call ‘paying too much’. Businesses, including SMEs, and consumers are paying several billion euros too much every year because banks do not compete enough, and that is one of the problems that we are facing and on which we have to act. Let there be no misunderstanding about that. Markets are still fragmented and we do not yet have a functioning single market for payments in Europe. That is the main purpose of our action: there will be change; there must be change, to be frank about it. All players, in particular in the financial industry, must work for this. You can be sure that your Commissioner will do her utmost."@en1
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